Archives

Electric Rates Rise Again

Pennsylvania Electric Rates Up 34%

Business owners continue to see the cost of energy increase above inflation rates ahead of a cold winter. Pennsylvania clients electricity supply rates are increasing up to 34% this winter. For high energy consumers, this means a significant increase to their operating budget in an economy already facing multiple challenges. There are a few things […]

Rising US Electricity Prices and Supply Constraints Make Solar More Attractive

Electricity futures prices are soaring. In the New England power market alone, the forward pricing for January-February 2022 have already increased from $40-$50 / MWh in recent years to $150 / MWh. Considering the inflation, the country is seeing as a whole, rising electricity prices will not come to a surprise to most. Natural gas […]

US Lawmakers decrease ITC

Yesterday US lawmakers announced that the Investment Tax Credit (a dollar-for-dollar reduction in the income taxes that a person or company would otherwise pay the federal government) of 30% was not extended and will step down to 26% in 2020. In 2021 the ITC will further step down to 22%, and in the following year […]

Genie Energy Ltd., (NYSE: GNE, GNEPRA) is a global energy solutions company. We supply customers in the US and Europe with electricity, including electricity generated from renewable resources and with natural gas. Through Genie Solar Energy and Prism Solar, we design, construct and install commercial solar energy solutions. We provide commercial and industrial clients with energy brokerage and consultative services through our Diversegy brand.